THE CONDO BOOK PROJECT

38 Skillman Avenue Condominium

38 Skillman Avenue, Brooklyn, NY 11211

Overview

Units
3 residential
Subway
3 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 8 min
Principals
Elizabeth McDonald, Jason Blauvelt
Average $/sf
$1,711Homes in Schedule A, as first offered
Offering price
$6.8 million total $6.55 million when first offered

The sponsor of record is 38 Skillman Avenue LLC, represented by Rosen Law LLC. The offering plan runs 402 pages. The sponsor has filed 2 amendments, the latest in October 2024. The nearest other condo plan on file is 30 Skillman Avenue Condominium, next door.

Plan CD230191 · New · accepted Feb 26, 2024 · AG record ↗

Compare

FigureThis building168 Commercial23 units · 1.5 miaccepted 202358 Dupont34 units · 1.4 miaccepted 2024
Common ChargesPer Square Foot / Month$0.45Lowest$0.96$0.61
Average Offering PricePer Apartment$2.25MIn line$3.03M$2.1M
Average PricePer Square Foot$1,711In line$1,699$1,763
Average Unit SizeSquare Feet1,314 SFIn line1,784 SF1,190 SF

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Unit mix, closings, budgets, finishes and the team, against 68 Commercial and 58 Dupont, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in Schedule A3 of 3
Closing prices vs. Schedule A3 homes: $6,870,133 at closing against $6,743,000 in Schedule A (p. 49)+1.9%
Average closing price3 homes, on their Schedule A square feet$1,743 / SF
Closingsfirst and latest recordedDec 20, 2024 – Feb 4, 2025

Sales recorded with the Department of Finance (ACRIS) through May 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 3 closings
HomeRecordedClosing priceSchedule ADifference
3Dec 20, 2024$2,391,869$2,349,000 p. 49+1.8%
2Jan 10, 2025$2,035,482$1,995,000 p. 49+2%
1Feb 4, 2025$2,442,782$2,399,000 p. 49+1.8%

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Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
38 Skillman Avenue LLC
Principals
Elizabeth McDonald, Jason Blauvelt
Tax estimate
Rosen Law, LLCPrepared the first-year real estate tax projection
Construction lender
Valley National Bank

From our research: Do NYC Developers Rehire the Same Firms?

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